RODOBENS ANNOUNCES 4Q15 RESULTS AND YEAR OF 2015
São Paulo, March 17, 2016: Rodobens Negócios Imobiliários S.A. (BM&FBovespa: RDNI3, Bloomberg RDNI3:BZ), announces its results for the fourth quarter of 2015 (4Q15).
Inventory of Finished Products: 11% of total, one of the lowest levels in the industry;
General and Administrative Expenses: R$57 million in 2015, down 15% from the prior year, marking the third straight year of declines in G&A espenses;
Performed Receivables: decline from R$470 million in 4Q14 to R$327 million in 4Q15;
Corporate Debt: R$258 million in 4Q15, down 33% compared to 4Q14;
Solid Cash Position: cash (R$294 million) plus performed receivables free of debt (R$270 million) represented 2.2 times the Company‘s corporate debt at the end of 2015;
Shareholder Returns: considering the proposed dividends of R$10 million and the share repurchase of R$18 million, the total return to shareholders was R$ 28 million in 2015.
Click here to access the Earnings Release
This document is also available on our IR website: www.rodobens.com.br/ir e www.cvm.gov.br
Conference call in Portuguese and Webcast (with simultaneous translation into English)
March 18th, 10:00 am EDT
Brazil: + 55 (11) 3127-4971 or +55 (11) 3728-5971
USA and Other Countries: (+1) 516-300-1066
Slides and Webcast: The presentation slides will be available for reading and download from our investor relations website at www.rodobens.com/ir. The audio of the conference call will be transmitted live at our IR website.
Replay: The recorded audio of the teleconference will be available for replay from March 18th through March 25th. For access, please dial +55 (11) 3127-4999, and type the code 18843949 or access our IR website at www.rodobens.com/ir.
Phone: 55 (11) 2505-7726